Philip James Wealth Mangement LLC Acquires 24,506 Shares of Paycom Software, Inc. $PAYC

Philip James Wealth Mangement LLC boosted its holdings in shares of Paycom Software, Inc. (NYSE:PAYC) by 2,660.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 25,427 shares of the software maker’s stock after buying an additional 24,506 shares during the period. Philip James Wealth Mangement LLC’s holdings in Paycom Software were worth $5,292,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. CYBER HORNET ETFs LLC bought a new stake in shares of Paycom Software during the 2nd quarter worth about $29,000. Steigerwald Gordon & Koch Inc. bought a new position in shares of Paycom Software in the 3rd quarter valued at approximately $31,000. MUFG Securities EMEA plc acquired a new stake in Paycom Software in the 2nd quarter worth approximately $33,000. Blue Trust Inc. boosted its position in Paycom Software by 540.6% during the third quarter. Blue Trust Inc. now owns 205 shares of the software maker’s stock worth $43,000 after purchasing an additional 173 shares during the period. Finally, Assetmark Inc. grew its holdings in Paycom Software by 651.9% during the second quarter. Assetmark Inc. now owns 203 shares of the software maker’s stock valued at $47,000 after purchasing an additional 176 shares during the last quarter. 87.77% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Paycom Software

In other news, CFO Robert D. Foster sold 1,300 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $162.66, for a total transaction of $211,458.00. Following the sale, the chief financial officer directly owned 14,747 shares in the company, valued at approximately $2,398,747.02. The trade was a 8.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 10.90% of the company’s stock.

Paycom Software Price Performance

Shares of Paycom Software stock opened at $157.13 on Friday. The company has a market cap of $8.84 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.61 and a beta of 0.82. The firm has a fifty day moving average price of $163.37 and a two-hundred day moving average price of $199.58. Paycom Software, Inc. has a fifty-two week low of $151.74 and a fifty-two week high of $267.76.

Paycom Software (NYSE:PAYC) last announced its quarterly earnings data on Wednesday, November 5th. The software maker reported $1.94 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.02). Paycom Software had a net margin of 22.65% and a return on equity of 24.79%. The company had revenue of $493.30 million for the quarter, compared to analyst estimates of $492.62 million. During the same period in the prior year, the company posted $1.67 EPS. The firm’s quarterly revenue was up 9.2% on a year-over-year basis. Analysts expect that Paycom Software, Inc. will post 7.15 earnings per share for the current fiscal year.

Paycom Software Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Shareholders of record on Monday, November 24th were given a $0.375 dividend. The ex-dividend date was Monday, November 24th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 1.0%. Paycom Software’s dividend payout ratio (DPR) is currently 18.66%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on PAYC. Guggenheim initiated coverage on shares of Paycom Software in a research note on Friday, September 26th. They issued a “buy” rating and a $270.00 price objective for the company. Barclays dropped their target price on shares of Paycom Software from $225.00 to $210.00 and set an “equal weight” rating on the stock in a report on Thursday, November 6th. Zacks Research upgraded shares of Paycom Software from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. UBS Group lowered their price target on Paycom Software from $285.00 to $245.00 and set a “buy” rating on the stock in a research report on Thursday, November 6th. Finally, TD Cowen dropped their price objective on Paycom Software from $200.00 to $184.00 and set a “buy” rating on the stock in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, Paycom Software presently has a consensus rating of “Hold” and a consensus price target of $219.86.

About Paycom Software

Paycom Software, Inc (NYSE: PAYC) is a cloud-based human capital management (HCM) software provider that delivers an end-to-end solution for human resources, payroll, talent acquisition, time and labor management, and talent management. Its single-database platform enables organizations to process payroll, track time, administer benefits, and manage recruiting and employee development through a unified system. Paycom’s software is designed to streamline administrative tasks, improve data accuracy, and provide real-time reporting and analytics to support strategic HR decisions.

The company’s core offerings include payroll processing with built-in tax compliance, employee self-service functionality, automated time tracking, and customizable talent acquisition tools that allow employers to create and post job requisitions, screen candidates, and conduct onboarding electronically.